Life insurtech attracts $70 million (£50.6m) in latest funding round to develop new products and expand market growth.
The round was led by Target Global and supported by new investors Eurazeo and Latitude as well as existing investors Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd. The insurtech will use the funds to develop new products, increase its UK market penetration and expand into new global markets. YuLife launched in late 2018 as the "world's first ever lifestyle insurance business", including critical illness, income protection, virtual GP services and employment assistance such as counselling and coaching within its group life insurance proposition. Its proposition is b...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
